Bridgepoint fetches 8x with Pets at Home sale

“KKR’s £955m bid beat out TPG, Apax and Bain in the chase for Pets at Home, the UK retailer whose jobs and revenue growth have soared under Bridgepoint’s ownership.

“Kohlberg Kravis Roberts first private equity deal of 2010,  the  £955 million (1.1 billion; $1.5 billion) purchase of Pets at Home will bolster its retail portfolio, at the same time boosting returns for Bridgepoint, which will book an 8x total return multiple post-sale”. Amanda Janis, Private Equity Online

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